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The Recession – a Self-Fulfilling Prophecy

The more people read articles like Recession fears leave markets battered, the surer the guarantee that a recession is indeed imminent. The markets are being driven by fear, which is largely being driven by the media. It’s just like the paranoids who read quotes by people who see terrorists behind every palm tree so launch “preemptive strikes” to protect themselves, resulting in terrorist attacks against the first-aggressor. If you build it they will come, and if you say it’s coming often enough it probably is.